Interest on bonds is an expense and should be recognized in the accounting period to which the
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Interest on bonds is an expense and should be recognized in the accounting period to which the interest applies. Thus, if in January 2012 an entity makes a semiannual interest payment of $3,000 to cover the last six months of 2011, this interest expense should be recognized in 20 _ . This is required by the m _____ g concept.
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